Lincoln Charter Township Housing Market Report December 2024•Berrien County, Michigan

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Housing Prices in Lincoln Charter Township, MI

How much do homes in Lincoln Charter Township, MI cost?

Housing Market Conditions

Is Lincoln Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lincoln Charter Township is a Neutral Market

Difference Since December 2023

At the same time last year, Lincoln Charter Township was a Seller's Market.

Insight

Lincoln Charter Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$339,000$157/SqFt
+$24,000
+7.6%

Based on all homes sold in the last 12 months

Insight

Homes in Lincoln Charter Township have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Lincoln Charter Township was $339,000 in December 2024, up 7.6% from last year, and the median price per square foot was $157.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Stevensville
+24.5%
Lincoln Charter Township
+7.6%
Saint Joseph Charter Township
+5.5%
Royalton Township
+1.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$187K$195K
+4.3%
2$215K$233K
+8.4%
3$270K$294K
+8.9%
4$360.9K$455K
+26.1%
5$519.5K$600K
+15.5%

Summary: Lincoln Charter Township housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +4.3%. The home price for 2 bedroom homes increased by +8.4%. The home price for 3 bedroom homes increased by +8.9%. The home price for 4 bedroom homes increased by +26.1%. The home price for 5 bedroom homes increased by +15.5%.

Housing supply in Lincoln Charter Township, MI

How many homes are available in Lincoln Charter Township, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
46Last MonthDec 2024
522 months agoNov 2024
-11.5 %
Change MoMNov – Dec

Summary: The Lincoln Charter Township real estate market had 46 homes for sale in Dec 2024, a 11.5 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthDec 2024
142 months agoNov 2024
-50.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
111
0.0%
2128
-33.3%
31011
+10.0%
42120
-4.8%
586
-25.0%

Summary: Lincoln Charter Township housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes increased by +10.0%. The inventory for 4 bedroom homes decreased by -4.8%. The inventory for 5 bedroom homes decreased by -25.0%.

Asking Price vs. Sold Price

How much do homes in Lincoln Charter Township, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price6 Homes

Insight

If you're buying a home in Lincoln Charter Township, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Lincoln Charter Township in December 2024, down by 50.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and and 14% were sold over asking.

Days on Market for Lincoln Charter Township, MI

How long does it take to sell a home in Lincoln Charter Township, MI?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days5 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Lincoln Charter Township has remained consistent over time.

Summary: During December 2024, 7 homes were sold in Lincoln Charter Township; 14% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
44 DaysThis YearDec 2024
31 Days1 year agoDec 2023
+37.9 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Lincoln Charter Township had an average listing age of 44 days in Dec 2024, up by 37.9% compared to the previous year.

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Newest Listings in Lincoln Charter Township, MI

What homes are available in Lincoln Charter Township, MI?

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Based on information from RealComp II Ltd., Michigan Regional Information Center LLC, and Water Wonderland MLS Inc. for the period 01/01/2023 - 01/01/2025

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Last updated on: 1/25/2025, 11:50:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/26/2025, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.